Festo AG Sustainability Profile
Festo AG, a leading global player in automation technology and industrial training, is headquartered in Switzerland (CH). Founded in 1925, the company has established a strong presence in Europe, Asia, and the Americas, providing innovative solutions across various industries, including manufacturing, automotive, and food processing. Festo is renowned for its core products, such as pneumatic and electric drive technology, as well as automation solutions that enhance productivity and efficiency. Their commitment to research and development has led to significant advancements, positioning them as a pioneer in the field. Notable achievements include a robust portfolio of patents and a reputation for high-quality, reliable products that meet the evolving needs of modern industry. With a focus on sustainability and digital transformation, Festo AG continues to shape the future of automation.
DitchCarbon Score
How does Festo AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Festo AG's score of 71 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Festo AG, headquartered in Switzerland (CH), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Festo SE & Co. KG, which may influence its climate commitments and emissions reporting. As of now, Festo AG has not publicly disclosed any specific reduction targets or initiatives related to carbon emissions. The absence of documented reduction targets suggests that the company may still be in the process of developing its climate strategy or aligning with broader corporate sustainability goals set by its parent organisation. Festo SE & Co. KG, as the source of potential emissions data and climate initiatives, may have established commitments that could cascade down to Festo AG. However, without specific figures or targets from Festo SE & Co. KG, it is challenging to provide a detailed overview of Festo AG's carbon footprint or climate commitments. In summary, while Festo AG is part of a larger corporate structure that may have climate initiatives, there is currently no available emissions data or specific reduction targets to report.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 30,762,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,688,000 | 0,000,000 | - |
| Scope 3 | 13,962,668,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Festo AG's Industry?
How Carbon Intensive is Festo AG's Location?
Festo AG's Scope 3 Categories Breakdown
Festo AG's Scope 3 emissions, which increased by 2% last year and decreased by approximately 1% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 96% of Scope 3 emissions.
Top Scope 3 Categories
Festo AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Festo AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
